Assurant, Inc. (NYSE:AIZ) Shares Sold by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. lowered its holdings in Assurant, Inc. (NYSE:AIZ) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 76,699 shares of the financial services provider’s stock after selling 681 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Assurant were worth $16,249,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. True Wealth Design LLC acquired a new position in Assurant during the 3rd quarter valued at approximately $25,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Assurant in the fourth quarter valued at $28,000. Smartleaf Asset Management LLC boosted its holdings in shares of Assurant by 127.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 134 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 75 shares during the period. Jones Financial Companies Lllp grew its position in shares of Assurant by 219.1% during the fourth quarter. Jones Financial Companies Lllp now owns 150 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 103 shares during the last quarter. Finally, TD Private Client Wealth LLC grew its position in shares of Assurant by 503.1% during the fourth quarter. TD Private Client Wealth LLC now owns 193 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 161 shares during the last quarter. Institutional investors own 92.65% of the company’s stock.

Assurant Trading Down 2.5 %

Assurant stock opened at $206.15 on Monday. Assurant, Inc. has a 12-month low of $160.12 and a 12-month high of $230.55. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.43 and a quick ratio of 0.43. The stock has a market capitalization of $10.47 billion, a PE ratio of 14.25 and a beta of 0.61. The firm has a 50 day simple moving average of $208.93 and a 200-day simple moving average of $207.35.

Assurant (NYSE:AIZ) last issued its quarterly earnings results on Tuesday, February 11th. The financial services provider reported $4.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.96 by $0.83. Assurant had a return on equity of 17.25% and a net margin of 6.40%. As a group, equities research analysts expect that Assurant, Inc. will post 16.88 EPS for the current fiscal year.

Assurant Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, February 3rd will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Monday, February 3rd. Assurant’s dividend payout ratio (DPR) is presently 22.11%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on AIZ shares. StockNews.com downgraded shares of Assurant from a “buy” rating to a “hold” rating in a research report on Wednesday, February 12th. Morgan Stanley initiated coverage on Assurant in a research report on Thursday, December 5th. They set an “equal weight” rating and a $251.00 price objective for the company. Truist Financial raised their target price on Assurant from $240.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Finally, Keefe, Bruyette & Woods raised Assurant from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $212.00 to $230.00 in a research note on Thursday, February 20th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Assurant presently has an average rating of “Moderate Buy” and a consensus target price of $234.17.

Insider Buying and Selling at Assurant

In other Assurant news, EVP Biju Nair sold 3,000 shares of the company’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $201.50, for a total value of $604,500.00. Following the transaction, the executive vice president now owns 17,708 shares of the company’s stock, valued at approximately $3,568,162. This represents a 14.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.53% of the stock is owned by corporate insiders.

Assurant Company Profile

Assurant, Inc, together with its subsidiaries, provides business services that supports, protects, and connects consumer purchases in North America, Latin America, Europe, and the Asia Pacific. The company operates through two segments: Global Lifestyle and Global Housing. The Global Lifestyle segment offers mobile device solutions, and extended service contracts and related services for consumer electronics and appliances, and credit and other insurance products; and vehicle protection, commercial equipment, and other related services.